This property looks like a bad Mid-Term investment with a projected -14.07% first-year return on $280k initial cash invested.
-14.07%
Cash On Cash
3.47%
Cap Rate
0.54
DSCR
$6,699
Rent
-$3,287
Cashflow
Cash Flow
$6,699 income − $9,986 expenses = $3,287 out of pocket
Investment Breakdown
|
Purchase Price
$1249k
Downpayment
20.0%
Interest Rate
7.0%
Mortgage Duration
30yr.
Cash To Invest
Total
$280k
Downpayment
20%
$250k
Closing costs
1%
$12,490
Rehab
0%
$0
Furnishing
1%
$18,000
Cashflow
Total Income
$6,699
Total Expenses
$9,986
Mortgage P&I
99%
$6,631
Property Taxes
10%
$640
Home Insurance
7%
$437
HOA
0%
$0
Property Management
12%
$804
CapEx
4%
$268
Vacancy
3%
$201
Maintenance
4%
$268
Other
11%
$737